Global Sleeving Machines Market Overview
As of 2022, the Automatic Sleeving Machine market size was valued at USD 3.1 billion. The market's end use is expected to witness steady growth over the forecast period, with projections reaching USD 3.2 billion in 2023 and USD 4.3 billion by 2032. This represents a compound annual growth rate (CAGR) of 3.60% during the forecast period from 2023 to 2032.
Sleeving machines, also known as labelers or shrink sleeve applicators, are automated machines used in various industries for applying sleeves or labels onto containers, bottles, or packages. These machines play a crucial role in enhancing product identification, branding, and promotional opportunities for manufacturers. They are widely used in the packaging, food and beverage, pharmaceuticals, and personal care industries, among others.
the global sleeving machines market has been witnessing steady growth due to their extensive applications in various industries, including packaging, food and beverage, pharmaceuticals, and personal care. Sleeving machines, also known as labelers or shrink sleeve applicators, are automated machines used to apply sleeves or labels onto containers, bottles, or packages.
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Sleeving Machines market Key Players:
Sleeving Machines market Key Companies in the include
- Krones AG
- Fujiseal International
- Finpac Group
- Pack Leader Machinery Inc.
- Sleever International
- Tripack Group
- Axon Corporation
- USLUGA SHPK
- Label-Aire Corporation
- Benison Group
Sleeving Machines Market Segmentation
The automation outlook for sleeving machines encompasses three main categories: automatic, semi-automatic, and manual systems, providing options suited to varying levels of operational efficiency and control.
Furthermore, sleeving machines are classified into different types, including shrink sleeve labeling machines, stretch sleeve labeling machines, roll-fed labeling machines, tamper-evident banding machines, and heat tunnel machines, catering to diverse labeling and packaging needs.
In terms of end-use applications, sleeving machines find utilization across various industries such as food beverages, pharmaceuticals, cosmetics personal care, chemicals, automotive, and other industrial sectors.
Regionally, the adoption of sleeving machine technologies exhibits variation, with prominent markets located in North America, Europe, and the Asia-Pacific region, while other regions contribute to the global landscape as part of the Rest of the World segment.
Sleeving Machines Industry Developments
May 2022:
The Avery Dennison Corporation, a prominent player in the sleeving machines industry, made two significant investments aimed at increasing manufacturing capacity in Europe and enhancing factory productivity.
May 2022:
In response to the growing demand for decorated aluminum cans in the beverage sector, Tripack LLC announced its plans to develop a new manufacturing plant in Florida. The facility, located in Lakeland, Florida, will be the company's third production facility and will encompass more than 30,000 square feet of space, providing ample room for several packing lines.
These industry developments highlight the ongoing efforts by key players in the sleeving machines industry to expand their capabilities and meet the evolving needs of various sectors. The investments by Avery Dennison Corporation in Europe indicate a commitment to strengthening their presence in the region and catering to increasing market demands. On the other hand, Tripack LLC's expansion in Florida underscores the rising popularity of decorated aluminum cans in the beverage industry and the need to boost production capacity to meet this demand.
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